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International Equity Flows and Returns : A Quantitative Equilibrium Approach

Albuquerque, Rui A. - 2014

This paper reconsiders the role of foreign investors in developed country equity markets. It presents a quantitative model of trading that is built around two new assumptions about investor sophistication: (i) both the foreign and domestic populations contain investors with superior information...

Persistent link: https://www.econbiz.de/10013039668

Stock liquidity, stock price crash risk, and foreign ownership

Alp, Ozge Sezgin; Canbaloglu, Bilge; Gurgun, Gozde - In: Borsa Istanbul Review 22 (2022) 3, pp. 477-486

This study examines the impact of stock market liquidity on a stock price crash, using firm data from Borsa Istanbul for the period 2009-2019. The results show that higher stock liquidity increases the likelihood of stock price crashes, but this positive link is not driven by blockholder...

Persistent link: https://www.econbiz.de/10013334773

Do Chinese Investors Underact to Goodwill

Li, Yongqing - 2021

about enterprise value. The results show that goodwill can predict the future return rate of China's stock market …, indicating that investors in China’s stock market underact to information contained in goodwill. In addition, this paper also … the predictability of the company's future stock returns. Specifically, in China, goodwill can only predict the future …

Persistent link: https://www.econbiz.de/10013227396

Are Foreign Investors Informed? Trading Experiences of Foreign Investors in China

Lundblad, Christian T.; Shi, Donghui; Zhang, Xiaoyan; … - 2022

Using a proprietary dataset from 2016 to 2019, we find that order flows from foreign investors, facilitated by regulatory liberalization through several channels, present strong predictive power for future stock returns in the Chinese market. Most surprisingly, foreign investors possess the...

Persistent link: https://www.econbiz.de/10013406487

Do Foreign Investors Promote Stock Price Efficiency in Emerging Markets?

Vo, Xuan Vinh - 2017

This paper examines the role of foreign investors in promoting stock price efficiency in emerging stock markets relying on the fact that stock prices in these markets are influenced by both local and global factors. We employ a data sample of Vietnamese listed firms on the Ho Chi Minh City stock...

Persistent link: https://www.econbiz.de/10012949583

Stock Market React to Foreign Investment : The Effects of Investment Purpose, Stock Market Characteristics, and Business Group Affiliation

Lee, Byoung Youp - 2010

This paper examines how the public announcement of foreign share acquisitions in listed companies affects the share prices of those companies. The dataset contains 422 public announcements of foreign share acquisitions in Korean listed companies over the period from March 2005 to June 2009. The...

Persistent link: https://www.econbiz.de/10013150321

The effect of overseas investors on local market efficiency : evidence from the Shanghai/Shenzhen-Hong Kong Stock Connect

Meng, Yan; Xiong, Lingyun; Xiao, Lijuan; Bai, Min - In: Financial innovation : FIN 9 (2023) 1, pp. 1-32

Using a recent stock market liberalization reform policy in China-the Stock Connect-as a quasi-natural experiment, this …-share (A-shares refer to shares issued by Chinese companies incorporated in mainland China, traded in the Shanghai Stock …

Persistent link: https://www.econbiz.de/10014288969

Foreign Ownership and Stock Market Liquidity – Evidence from Vietnam

Vo, Xuan Vinh - 2015

This paper investigates the relationship between level of foreign ownership in a firm and the liquidity of the firm stock in the Vietnam stock markets. We employ a rich and detailed data set representing foreign portfolio investment, liquidity and other firm attributes in the Vietnamese context....

Persistent link: https://www.econbiz.de/10013038226

How Foreign Investors Influence Stock Markets? The Saudi Arabian Experience

Sharif, Saqib - 2019

This paper investigates the impact of foreign institutional investors on valuation, liquidity and volatility in Saudi stock exchange for the pre- and post-period from November 10, 2014 to June 12, 2015 and from June 15, 2015 to January 22, 2016 respectively, utilizing daily market trade data....

Persistent link: https://www.econbiz.de/10012903071

Living La Vida Loca? : remote investing in Latin America, 1869-1929

Campbell, Gareth; Gallagher, Áine; Grossman, Richard S. - 2024

Substantial amounts of British capital flowed to Latin America during the latter part of the nineteenth and early twentieth centuries. Companies financed by this capital were typically headquartered in the UK, but operated thousands of miles away. This paper asks how this separation between...

Persistent link: https://www.econbiz.de/10015164633